All Forum Posts by: Todd Greene

Hello to all,

I am relatively new to investing with just under two years under my belt. Yesterday, two of the homeowners I've been working with over the last few days agreed to sell me their homes through a short sales.

I am interested in wholesaling these deals to a rehabber. I understand the short sale contract typically cannot be assigned. I would greatly appreciate the help from the decades of experiece of the investors in this forum to figure out the best way I can wholesale.

In this market, is a double close ideal? Is it a land trust? Is it an option contract?

I've heard that lenders and title companies are getting weary of land trusts. I also understand a double close affects chain of title. And I've noticed more and more postings on the internet about using options to tie up short sales.

Any suggestions?

Thanks to all in advance!

I am a SoCAL wholesaler who is having a hard time finding deals to assign. I went from assigning one to two deals a month to assigning zero over the last three months (right after I quit my job).
I usually tie-up the property at at 70% ARV but lately I am looking for property that's around 60% ARV due to the declining property prices.
I know there's tons of pre-foreclosures out there. I send out letters with local phone numbers and I knock on each owner's door, but I have gone form having a phone that rang quite a few times a day to one that's not ringing at all.
I have approximately 40 leads I am working now with nothing pending.
Any advice from all you Pros out there?
Is it still profitable to assign contracts?
I don't want to go back to my day job! :crying:

I look forward to your responses. Thanks to all!